IIM-Ahmedabad launches $25million Bharat Inclusion Initiative for startups
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative, which aims to invest about $25 million in startups working in the areas of financial inclusion, livelihood, education and health over the next 3 to 4 years. The project has received an initial pledge of $12.5 million from the Bill and Melinda Gates Foundation, the Michael and Susan Dell Foundation, Omidyar Network and Tata Trusts. This amount includes a $5 million commitment for providing support to startups through acceleration programmes, research, workshops and partnerships. The remaining amount has been earmarked for the Bharat Inclusion Seed Fund, which will invest in seed and pre-Series A startups.